Designed to help improve energy efficiency within properties, the Lib Dems suggested that home owners should be given loans to allow them to make their properties more energy efficient. As part of the plans suggested, home owners would be given a loan to improve heating and insulation systems.
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Sir Menzies Campbell, leader of the Lib Dems, suggested that ‘energy mortgages’ could lead to property savings, while cutting c02 emission in the atmosphere. Announcing the plans, he said: “Our proposals will help people save the environment and cut bills.”
Speaking to the BBC, Chris Huhne, environment spokesman for the Lib Dems, added: “With an energy mortgage proven improvements will deliver real energy cuts that will be accessible to everyone.”
However, James Cotton, mortgage specialist at London & Country, warned that organisations could jump on the ‘green-bandwagon’ without adding much to the market.
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He said: “There are ways in the market of making properties more energy efficient already. There may be some changes in the market towards greater energy efficiency after Energy Performance Certificates are officially launched, but Gordon Brown made a statement in his Budget about greener properties. It is possible to make changes to properties such as double glazing and insulation without reverting to specific green mortgages.”
